Picking Post-Fed Meltdown Stocks

Despite the worst day since mid-April for the major indices, certain stocks were still a "buy," Josh Brown of Fusion Analytics said Thursday.

"I would tell you that this is a massive carry trade unwinding," he said. "I would not want to be the first one to dive in and say, 'Hey, this is it. This is the worst it's going to get.' Could get worse. It's the summer, and clearly the markets are adjusting to some new news."